US President Donald Trump said on Wednesday that he has instructed the Department of Justice to look into oil companies for not lowering gasoline pump prices in line with falling crude costs, and accused the companies of “gouging” customers.
Trump did not name any companies in his social media post, which came after midnight. The White House and the Justice Department (DOJ) did not respond to a request for further comment outside regular business hours.
Diplomacy between the US and Iran has translated into relief at the pump for Americans, data showed earlier this week, with gasoline prices falling for a sixth straight week.
However, Trump said the fall in gasoline prices was neither enough nor proportionate with declines in crude oil costs.
“Gasoline prices better start going down a lot faster than what I’m seeing!“
